Banks sector pushes ADX to green at open

Abu Dhabi-Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a positive performance in Sunday’s early trades along with the rise of the banks and telecom sectors.

The general index advanced 1.2% or 51.8 points to reach 4,374 points by 10:35am UAE time.

The banks sector levelled up 2.25% as National Bank of Abu Dhabi (NBAD), Abu Dhabi Commercial Bank (ADCB) and First Gulf Bank (FGB) grew 8.7%, 2.7% and 2.13%, respectively.

The market was partially backed by Etisalat which rose 0.3%.

On the flipside, the industrial sector topped losers after falling 1.12% due to a decline in Arkan Building Materials.

The market saw trading of 1.83 million shares through 83 transactions, with a turnover of AED 6.86 million.

Mubasher Contribution Time: 19-Jun-2016 06:55 (GMT)
Mubasher Last Update Time: 19-Jun-2016 06:57 (GMT)